The Walt Disney Company $DIS Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in The Walt Disney Company by 6.3% in the first quarter, acquiring an additional 13,528 shares, bringing its total holdings to 229,821 shares valued at approximately $22.68 million.
• The Walt Disney Company reported earnings of $1.61 per share for the last quarter, surpassing expectations of $1.45 and showing a 2.1% year-over-year revenue increase.
• Analysts have mixed ratings on Disney stocks, with a consensus of "Moderate Buy" and a target price set at $131.18, while several major brokerages updated their price objectives for the stock.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of The Walt Disney Company (NYSE:DIS - Free Report) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,821 shares of the entertainment giant's stock after acquiring an additional 13,528 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Walt Disney were worth $22,683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Walt Disney during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Walt Disney in the first quarter valued at about $26,000. Kessler Investment Group LLC grew its stake in shares of Walt Disney by 274.0% in the first quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant's stock valued at $27,000 after buying an additional 200 shares in the last quarter. Copia Wealth Management acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $36,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Walt Disney in the fourth quarter valued at about $39,000. 65.71% of the stock is currently owned by institutional investors and hedge funds.

Walt Disney Price Performance

Shares of NYSE DIS opened at $117.93 on Monday. The Walt Disney Company has a fifty-two week low of $80.10 and a fifty-two week high of $124.69. The business has a 50 day moving average price of $119.01 and a two-hundred day moving average price of $108.77. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market cap of $212.03 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55.

Walt Disney (NYSE:DIS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The entertainment giant reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm had revenue of $23.65 billion during the quarter, compared to analyst estimates of $23.69 billion. During the same quarter last year, the firm earned $1.39 EPS. Walt Disney's quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIS. Wall Street Zen downgraded shares of Walt Disney from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Walt Disney in a research report on Monday, August 11th. Evercore ISI increased their price objective on shares of Walt Disney from $134.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Stephens reaffirmed a "buy" rating on shares of Walt Disney in a research report on Monday, August 11th. Finally, Rosenblatt Securities increased their price objective on shares of Walt Disney from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Walt Disney presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.18.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

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